Stabilis Solutions inks multi-year LNG bunkering contract with Carnival Corporation
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by Admin
Sustainable energy production, storage, and delivery solutions provider Stabilis Solutions, Inc., (Stabilis), recently announced it has been awarded a multi-year marine bunkering contract with Carnival Corporation & plc (Carnival).
Stabilis will provide LNG bunker fuel for Carnival Jubilee, the newest addition to the Carnival Cruise Line fleet, which is setting sail from Galveston, Texas beginning in December 2023.
Under the terms of the contract, Stabilis will supply firm LNG deliveries on a ratable basis from its owned liquefaction facility in Texas over the two-year contract, with an option to extend the contract for up to an additional two years at the request of Carnival Corporation.
Westy Ballard, President and CEO of Stabilis, said: “Stabilis continues to develop a leading LNG marine bunkering platform at strategic ports across North America.”
“We are excited to partner with Carnival Corporation, a pioneering global cruise line company committed to the decarbonization of their fleet through the adoption of LNG and alternative fuels. We also look forward to working closely with the Port of Galveston as it becomes a leading LNG bunkering hub.”
“Over the next three years, we anticipate the global fleet of LNG-fuelled vessels will increase materially, as operators seek to reduce carbon emissions through the adoption of lower-cost sustainable fuel sources.”
“Our proven supply network and logistics assets well position Stabilis to serve this significant, growing addressable market, which remains in the early innings of a multi-year expansionary phase. Our relationship with Carnival is an important next step in further solidifying our position as a premier marine LNG fuel provider serving ports across North America.”
Tom Strang, Senior Vice President of Maritime Affairs, Carnival Corporation & plc, said: “As part of our ambition to achieve net-zero carbon ship operations by 2050, we’re investing in LNG-powered vessels because LNG delivers immediate greenhouse gas emission reductions and is the best available market-ready fuel to help cut ship greenhouse gas emissions now.”
“We were the first to introduce LNG-powered cruise ships into the North American market and we are delighted to partner with Stabilis to further our decarbonization strategy by helping to power the next-level fun awaiting guests aboard the highly anticipated Carnival Jubilee.”
Related: Seaside LNG relocates bunker vessel “Clean Jacksonville” to Galveston
Photo credit: Meyer Werft
Published: 14 November, 2023
